Altcoin
Top Small-Cap Altcoins Poised for 10x Rally Ahead of Ethereum ETF Approval
With the cryptocurrency market going crazy overnight, the bull run is starting in Bitcoin and altcoins. Additionally, altcoins experience a sharp increase in bullish momentum as discussions around the Ethereum ETF they are getting hot.
With the growing possibility of Ethereum ETF Gets Approvalsmart money is looking for altcoins that could experience direct bullish influence.
To make things easier for you, we have selected the best small-cap altcoins to buy. So, let’s take a closer look at the price analysis of these altcoins for potential targets and entry points.
Manta Network (MANTA)
With a market capitalization of $418 million, the MANTA token price shows a bullish reversal overnight. The trend reversal leads to a 17% uptrend in the last 24 hours with an increase in trading volume.
The altcoin’s bullish reversal shows a breakout of the descending channel on the 4-hour chart. This increases the probability of a continuation of the uptrend. Trading at $1.67, the underlying potential suggests an uptrend above $5 if the momentum continues.
Circular ring (LRC)
As an adamant player in the Ethereum layer 2 sector, the LRC token presents a lucrative entry opportunity for fringe traders. The bullish reversal from the 23.60% Fibonacci level causes the altcoin price to increase by 16% within 48 hours.
As the bull run gains momentum with an increase in trading volume, the LRC price is taking off on a trip to the moon. Additionally, Fibonacci levels project an uptrend target of $0.7731 if the Ethereum ETF gains approval.
Meti (METIS)
When the market turns bullish, the METIS token breaks above the short-term resistance trend line. The breakout rally has picked up the pace ETH price jumped last night, with the ETF decision trending.
With a market capitalization of $434 million, METIS price is trading at $76.83 and challenging the 50% Fibonacci level. The turnaround rally hints at a potential rally in the coming days.
According to Fibonacci retracement levels, the altcoin could reach the $200 mark if the ETH ETF gets approval.
Bitrock (BROCK)
Bitrock is an Ethereum sidechain that runs on the Proof of Authority (PoA) blockchain to provide a near-zero gas fee. After days of consolidation, BROCK price is preparing for a turnaround from the $0.10 psychological support level.
The altcoin shows a circular reversal rally gaining momentum as the chances of Ethereum ETF approval increase. With a bullish candle of 16.92% last night, the BROCK token is expected to make a huge leap this week.
According to the Fibonacci level, the altcoin could reach the $0.30 mark. Optimistically, post-ETF approval could push the price of BROCK to $1.
Miria (MIRIA)
Myria, another Layer 2 scaling solution for Ethereum, shows immense potential this week. With plans to scale NFTs, games, and more, the project shines on the list of Ethereum Layer 2 solutions with a 21% jump last night.
With a breakout of the trend line, MYRIA token shows a successful post-retest jump. This is in line with last night’s jump and increased Ethereum ETF talks.
As the altcoin signals a high possibility of a trend reversal, Fibonacci levels project the MYRIA token target to $0.013 this week.
Conclusion
As the bull run is starting to pick up pace across the entire market, these altcoins are projecting bullish price action. With the upcoming Ethereum ETF catalyst, the increase in volumes can lead to a huge leap for the mentioned altcoins.
Also check: Ethereum Bull Trap: A Double-edged Sword for Investors; Two potential outcomes for ETH price